From what I can see, price has made an ascending triangle on the 1H timeframe. Unfortunately, it failed to break the triangle to the upside, even though it’s been bullish since near the start of the month. With price breaking through to the downside, I’m expecting a retest of the triangle before price continues its bearish momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.